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Accountancy Forum The Profession Tax v
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service income u/s 153(b) and salary income

 
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service income u/s 153(b) and salary income
Imran Hafeez
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#5
03-07-2011, 07:15 PM
U/S 153(1)c says on the execution of a contract, other than a contract for the sales of goods or the rendering of services

Even If treat my my teaching on an hourly basis as contract, the above mentioned clause says that contract of services cant come under 153(1)c

But the good thing is that service defination as per ordinance is as follows
11[ ] services includes the services of accountants, architects,
dentists, doctors, engineers, interior decorators and lawyers,
otherwise than as an employee 12 [.]

But according to Income Tax Commisioner, the above defination is not a comprehensive defination. If the words "services means" had been used, we could have treated the above defination as a comprehensive defination



<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by LapTop</i>
<br />IMRAN bhai,

Ap ki income U/S153(B) may aati hi nahi aap kyon zabardasti usy U/S 153(B) declare karna chah rahay han, ap ki income U/S 153 (C) may aati hay,

Agar ap apni income ko U/S 153(b) declare karyn gay to ap ko bohat zayada tax dayna pary ga, kyon k aap ki services ki income add ho jaye gi salary income may or phir tax rate salary income wala lagy ga,

Agy aap ki marzi.

<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
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Messages In This Thread
service income u/s 153(b) and salary income - by Imran Hafeez - 03-03-2011, 08:28 PM
[No subject] - by Imran Hafeez - 03-04-2011, 04:32 PM
[No subject] - by Imran Hafeez - 03-07-2011, 04:32 PM
[No subject] - by LapTop - 03-07-2011, 06:49 PM
[No subject] - by Imran Hafeez - 03-07-2011, 07:15 PM
[No subject] - by LapTop - 03-07-2011, 07:19 PM
[No subject] - by Imran Hafeez - 03-07-2011, 07:24 PM

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